Prior notification of a concentration (Case M.10385 – Genstar Capital/TA Associates/20-20/Compusoft) (Text with EEA relevance) 2021/C 406/06
Date: 2021-10-08
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, investment company, merger control, software








C_2021406EN.01000601.xml










8.10.2021   


EN


Official Journal of the European Union


C 406/6






Prior notification of a concentration
(Case M.10385 – Genstar Capital/TA Associates/20-20/Compusoft)
(Text with EEA relevance)
(2021/C 406/06)

1.   
On 1 October 2021, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Genstar Capital Partners, LLC (‘Genstar Capital’, United States),










—


TA Associates Management, L.P (‘TA Associates’, United States),










—


20-20 Technologies, Inc. (‘20-20’, Canada), currently solely controlled by Genstar Capital,










—


Compusoft AS (‘Compusoft’, Norway), currently solely controlled by TA Associates.




Genstar Capital and TA Associates indirectly acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the merged 20-20 and Compusoft. The concentration is accomplished by way of sales and purchases of shares.


2.   
The business activities of the undertakings concerned are:






—


for Genstar Capital: private equity investments in middle market companies in financial services, healthcare, industrial technology and software industries;










—


for TA Associates: private equity investments in companies active in selected industries, including business services, consumer, financial services, healthcare and technology;










—


for 20-20: software for professional designers, retailers and manufacturers in the interior design and furniture industries with applications allowing their customers to create, design, visualise, price and sell kitchens, bathrooms, closets and commercial offices to end-consumers;










—


for Compusoft: integrated software solutions that allow customers to provide services to end-consumers from design through to installation of consumer/residential space and design projects.






3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.



4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.10385 – Genstar Capital/TA Associates/20-20/Compusoft
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).